WordPress implementation for multiple site in single Linux Server on DMZ

I'm planning to install WordPress on Linux system for my company website, does this scenario works with WordPress?

Single WordPress install but can have multiple domain eg:

www.team1.com

www.team1.com/product2

www.team1.com/product3

www.team2.com

www.team2.com/product2

.

.

.etc

Do I need to perform multiple install of WordPress or Apache can do it for me? How can I set up WordPress 开发者_StackOverflowfor hosting the website in the DMZ?

Wordpress multisite. It's available in WP 3+

http://codex.wordpress.org/Create_A_Network