Absolutely correct! In the context of business and technology, AMC stands for “Annual Maintenance Contract.”
An Annual Maintenance Contract is an agreement between a service provider and a customer for the regular maintenance and support of equipment, machinery, or software throughout the year.

It ensures that the products or systems continue to function optimally, and any issues are addressed promptly during the contracted period.

This type of contract is common in various industries, including information technology, manufacturing, and facility management.

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