Corporations: meaning, definitions and examples

Used to refer to large, well-established organizations, often with a complex structure and multiple divisions. Typically involve many employees and have a significant influence on the market.

• Apple is one of the most profitable corporations in the world.
• Many corporations have been affected by the economic downturn.

Similar to 'businesses,' but often used to refer to legal entities engaged in commercial, industrial, or professional activities. It can apply to both small and large organizations.

• The company has launched a new product line.
• Many tech companies are based in Silicon Valley.

Often used for professional services such as law, consulting, or accounting. Can refer to both small and large organizations but is commonly associated with professional expertise.

• She works at a prestigious law firm.
• Consulting firms are seeing an increase in demand for their services.

A general term that can refer to any kind of commercial activity, ranging from small local shops to large international companies. Suitable for everyday conversation.

• Small businesses are crucial to the local economy.
• Many businesses have shifted to online platforms.