Foreign country example sentences

Later he is remembered to have said, “That is why whenever I am in a foreign country, I keep yearning to see Hindustan.Since the business in the foreign country is managed by the licensee/franchisee who is a local person, there are lower risks of business takeovers or government interventions.Local manufacturer in the foreign country loses his control over the manufacturing process because goods are produced strictly as per the terms and specifications of the contract.Exporting is not a feasible option when import restrictions exist in a foreign country.Licensing is a contractual arrangement in which one firm grants access to its patents, trade secrets or technology to another firm in a foreign country for a fee called royalty.For the supply of foreign exchange to increase as the exchange rate rises, the foreign demand for our exports must be more than unit elastic, meaning simply that a one per cent increase in the exchange rate (which results in a one per cent decline in the price of the export good to the foreign country buying our good) must result in an increase in demand of more than one per cent.It simply earns an income by investing in shares, bonds, bills, or notes in a foreign country or providing loans to foreign business firms.A major problem with a foreign country's political environment is a tendency among nations to favour products and services originating in their own countries to those coming from other countries.The firm that grants such permission to the other firm is known as licensor and the other firm in the foreign country that acquires such rights to use technology or patents is called the licensee.Exporting refers to sending of goods and services from the home country to a foreign country.Since the supplier in the context of an import transaction resides in a foreign country, he/she demands payment in a foreign currency.When viewed from this perceptive, it is clear that while merchandise exports means sending tangible goods abroad, merchandise imports means bringing tangible goods from a foreign country to one's own country.Import trade refers to purchase of goods from a foreign country.The other examples of such services include overseas management contracts where arrangements are made by one company of a country which provides personnel to perform general or specialised management functions for another company in a foreign country in lieu of the other country.Permitting another party in a foreign country to produce and sell goods under your trademarks, patents or copy rights in lieu of some fee is another way of entering into international business.