Words / C / Business

close rate

noun

B1CEFR level
40/100Rarity: uncommon
TechnicalRegister

The proportion of qualified opportunities that a salesperson successfully converts into sales.

His close rate on inbound demos sits around thirty per cent.

Similar: win rate, conversion rate

Topic: Sales in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Sales