A virtual corporation refers to a permanent network of firms linked by high-tech communication systems.

Question

Quizplus · Accepted Answer

A virtual corporation is not permanent; it is a temporary network of independent companies—suppliers, customers, even erstwhile rivals—linked by information technology to share skills, costs, and access to one another's markets, allowing them to come together quickly to exploit rapidly changing opportunities.

A Virtual Corporation Refers to a Permanent Network of Firms