closing ratio

closing ratio

[′klōz·iŋ ‚rā·shō]
(petroleum engineering)
During completion operations, the ratio of the pressure in a hole to the pressure needed by the operating piston to close the rams of the blowout preventer.
References in periodicals archive ?
com)-- It was announced today that Sandler Training and Sigma7 Group are teaming to deliver this free informative seminar which will give business owners and managers ways to improve your closing ratio.
The ability to identify weaknesses and coach employees gradually improved the sales closing ratio on failed items from inspections.
The prerequisite to improving your closing ratio is keeping accurate records.
But, that being said, many of my clients target a closing ratio of 35 percent.
Results of the pilot program show a national closing ratio of 48 percent, with a closing time frame of 99 days from contract to purchase, according to FRT.
For some time now, the closing ratio of seminars sponsored by American Independent Marketing and GoldenCareUSA has remained at or near 60%.
Industry statistics show that the average closing ratio is fairly low, with only 3 percent to 4 percent of callers or inquiries being converted to sales.
Closes: As the sales force hits the streets, the closing ratio will emerge.
The Company has built a model based on its recent national call volume test that allowed them to project national sales volume based on a predetermined media "spend and sales" closing ratio.
Beyond improving profit per loan, Campbell added that a lender with a high closing ratio can attract more volume by improving turnaround times and can garner pricing incentives from investors due to better delivery performance.
Lenders are recognizing that their loan closing ratio is a key performance indicator (KPI) that can have an influence on a number of critical business issues.
Leasing professionals with the right type of sales personalities should be able to close sales at a much higher rate than the average closing ratio of the current leasing team.