Final answer:
Business risk taking of an organization involves entering untested markets or committing to unproven technology, the risk that executives take in favor of a strategic course of action, and the risk/return trade-off committing a large portion of the company's resources in order to grow. All the given options are correct.
Step-by-step explanation:
The business risk taking of an organization involves:
- Entering untested markets or committing to unproven technology: This refers to the organization taking the risk of entering new markets or adopting new technologies that have not been proven to be successful. For example, a technology company may decide to invest in developing a new product that has not been tested in the market yet.
- The risk that executives take in favor of a strategic course of action: This refers to the decisions made by executives to pursue a particular strategic direction. Executives may take risks by making bold investments or launching new initiatives that may have uncertain outcomes.
- The risk/return trade-off committing a large portion of the company's resources in order to grow: This refers to the trade-off between the risk and potential return of committing a significant amount of the company's resources to support growth initiatives. For example, a company may decide to invest heavily in marketing and expansion efforts to increase its market share, but this comes with the risk of not achieving the desired results.