Meaning of “virtual enterprise” in the English Dictionary

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"virtual enterprise" in Business English

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virtual enterprisenoun [ C ]

uk us also virtual company, virtual corporation, virtual organization WORKPLACE, IT, INTERNET

a group of people who work together on a project, communicating mainly by phone, email, and the internet, rather than regularly going to a central office to work:

To be successful, the virtual enterprise must provide operations as competitive as those in a traditional enterprise.

(Definition of “virtual enterprise” from the Cambridge Business English Dictionary © Cambridge University Press)