GC meaning in Business ?

A grandfather clock (also a longcase clock, tall-case clock, grandfather's clock, or floor clock) is a tall, freestanding, weight-driven pendulum clock with the pendulum held inside the tower or waist of the case. Clocks of this style are commonly 1.8–2.4 metres (6–8 feet) tall with an enclosed pendulum and weights suspended by either cables or chains which have to be calibrated occasionally to keep the proper time. The case often features elaborately carved ornamentation on the hood (or bonnet), which surrounds and frames the dial, or clock face. The English clockmaker William Clement is credited with the development of this form in 1670. Until the early 20th century, pendulum clocks were the world's most accurate timekeeping technology, and longcase clocks, due to their superior accuracy, served as time standards for households and businesses. Today they are kept mainly for their decorative and antique value, having been widely replaced by both analog and digital timekeeping.