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 ?
Exclusive software to provide immediate customer quotes provides a higher closing ratio.
As you will see, it's harder to scale up when you have a 15 percent closing ratio.
Improving a new producer's closing ratio begins with the selection of accounts to pursue.
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 prerequisite to improving your closing ratio is keeping accurate records.
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%.
But after receiving roughly 1,200 leads a month via the Internet and realizing a mere 3 percent closing ratio on its Internet leads, the auto mall needed a tune-up.
You also need to consider whether he generates his own leads and what his closing ratio is.
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.