The opinion of Daniels and Radebaugh is more generalized as they have observed all operations of business transactions, which involve two or more countries, can be observed as international business. Scholars like Robock and Simmonds have observed international business as a platform for management training that deal with the special features of business activities that cross national boundaries. The opinion of Daniels and Radebaugh is more generalized as they have observed all operations of business transactions, which involve two or more countries, can be observed as international business. Scholars like Toyne are of a different opinion, as they have provided special emphasis on individual business organizations as participating units in the operation of international business and they also have pointed out the main reason behind the disparity is actual consensus that more emphasis is provided on the entire business situation. rather than the organization as a unit of analysis (Vaghefi, Paulson and Tomlinson, 1991, p. 4). Thus, the entire field of international business highly diversified and encompasses within its scope diverse range of strategic applications that are actually aimed at ensuring the survival of an organization in an extremely competitive market.The growth and expansion of international business in the last two decades have provided a general perception that it is entirely a product of recent business development and dynamics of the entire process is quite new. In reality, the journey of international business started in the 19h century. Historical evaluation of international business shows that the entire process is discontinuous, In different periods, different choices were made between alternative methods of operating abroad and alternative forms of organization. The relative importance of particular industries has varied markedly over time (Jones, 1996, p. 23).