___ refers to when a company avoids the risks related to international business by only selling products in its home country.

The concept that describes a company avoiding the risks associated with international business by choosing to sell its products exclusively in its home country is best identified as risk avoidance. This strategy minimizes exposure to uncertainties and potential losses that arise from international operations, such as fluctuating exchange rates, different regulatory environments, cultural misunderstandings, and geopolitical instability. By focusing solely on the domestic market, a company can streamline its operations, reduce complexity, and maintain a stable operational environment without the uncertainties present in international markets.

Other approaches such as risk sharing, risk assumption, and risk reduction pertain to different strategies. Risk sharing involves partnering with other entities to distribute the potential loss, risk assumption is where a company decides to accept the risks involved, and risk reduction focuses on minimizing risks through various means rather than avoiding them entirely. Each of these alternatives does not fully capture the essence of completely steering clear of international ventures, which is the hallmark of risk avoidance.