As Web 2.0 services have risen in popularity, many businesses have begun to use these communicative and collaborative technologies to reach their customers.
Along with connecting customers with physical products, virtual businesses are starting to provide important services as well.
Most brick-and-mortar companies reduce costs and increase market share by engaging in e-commerce via web sites and by leveraging their existing telecommunications infrastructure.
[1] In the USA groups of people can assemble online and enter into an agreement to work together toward a for-profit goal, with or without having to formally incorporate or form a traditional company.
[2][3] A virtual enterprise is a network of independent companies—suppliers, customers, competitors, linked by information technology to share skills, costs, and access to each other's markets.