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English definition of “stocktaking”

stocktaking

noun [U]     /ˈstɒkˌteɪ.kɪŋ/ US  /ˈstɑːk-/ UK
the counting of all the goods , materials , etc. kept in a place such as a shop Parts of shops, shop fittings and retail activities
(Definition of stocktaking noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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