Which of the following is NOT a risk associated with international business?

The classification of risks in international business encompasses various types that companies must consider when operating in foreign markets. Among these, political risk, market risk, and operational risk are commonly acknowledged as significant challenges that can impact a business’s performance.

Political risk refers to the potential for government actions or political events in a country to affect a company's operations. This can include changes in government, political instability, or adverse regulations.

Market risk involves the potential for losses due to changes in market conditions, such as fluctuating demand, price volatility, or competition in the foreign market.

Operational risk consists of risks arising from a company's internal operations, such as supply chain issues, management failures, or technology problems, particularly when those operations are scaled to an international level.

While the term "physical risk" does exist, it is not typically categorized in the same framework as the other three. Physical risks might refer to challenges like natural disasters affecting infrastructure or loss of physical assets, but they are less commonly singled out as primary risks in the context of international business. Consequently, not being as prominent in the standard risk classifications for international business, it is the choice that stands out as not fitting within the typical risk assessment framework in this context.