OC has various meanings in the Business category. Discover the full forms, definitions, and usage contexts of OC in Business.
Quality control is a procedure or set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality criteria or meets the requirements of the client or customer. QC is similar to, but not identical with, quality assurance (QA). QA is defined as a procedure or set of procedures intended to ensure that a product or service under development (before work is complete, as opposed to afterwards) meets specified requirements. QA is sometimes expressed together with QC as a single expression, quality assurance and control (QA/QC). The operational techniques and activities that are used to fulfill requirements of quality.
BusinessOpportunity cost is the cost of choosing or not choosing one investment plan or an operation over another.
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