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English definition of “stocktaking”

stocktaking

noun [U] (also stock-taking, stock taking)
 
 
/ˈstɒkˌteɪkɪŋ/ US   /ˈstɑːk-/ UK
ACCOUNTING, PRODUCTION, COMMERCE the activity of counting the goods or materials owned by a company or available for sale in a store at a particular time: The car maker will stop its production lines for three days next week for stocktaking. She's doing stocktaking.
(Definition of stocktaking from the Cambridge Business English Dictionary © Cambridge University Press)
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