Name some key risks associated with international business.

The identification of political risk, exchange rate risk, and operational risk as key risks in international business is accurate.

Political risk involves the potential for changes in the political environment or government policies in a country that could adversely affect foreign businesses. This can include factors such as political instability, changes in trade policies, or nationalization of industries, all of which can pose significant threats to companies operating internationally.

Exchange rate risk pertains to fluctuations in the value of currencies, which can impact profits for businesses engaged in international transactions. Changes in exchange rates can affect the pricing of goods and services, as well as the overall financial performance of a company when converting foreign revenue back to its home currency.

Operational risk in the context of international business often relates to the challenges and uncertainties involved in managing operations across different countries. This can encompass issues such as supply chain disruptions, regulatory compliance, and differences in labor practices or logistics.

The other options may address important considerations in international business but do not classify as direct risks associated with operating on a global scale. For instance, market saturation and consumer preferences are more about market dynamics and consumer behavior rather than risks. Environmental regulations and local customs touch upon compliance and cultural differences but do not inherently indicate risk factors, and brand loyalty and technological advancements relate