virtual corporation

virtual corporation definition - business

virtual corporation

  1. A business that has few employees and outsources nearly all its work.
  2. A consortium of businesses that pursue a common goal. For example, several companies work together to produce a technologically advanced product.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.