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    #1

    price-quality/quality-price ratio

    Hello!
    Do "price-quality ratio" and "quality-price ratio" mean the same, please?
    Cheers
    Will

  1. bhaisahab's Avatar
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    #2

    Re: price-quality/quality-price ratio

    Quote Originally Posted by Will17 View Post
    Hello!
    Do "price-quality ratio" and "quality-price ratio" mean the same, please?
    Cheers
    Will
    Yes, they do. I think "quality-price ratio" is more common.

  2. Raymott's Avatar
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    #3

    Re: price-quality/quality-price ratio

    Quote Originally Posted by bhaisahab View Post
    Yes, they do. I think "quality-price ratio" is more common.
    Wouldn't one be the inverse of the other? If the price/quality ratio is high, the quality/price ratio would be low.

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    #4

    Re: price-quality/quality-price ratio

    Quote Originally Posted by Raymott View Post
    Wouldn't one be the inverse of the other? If the price/quality ratio is high, the quality/price ratio would be low.
    What do you think Bhai?
    Last edited by Tdol; 01-May-2011 at 15:55. Reason: Fixing Quote code

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    #5

    Re: price-quality/quality-price ratio

    Not a teacher. Or Bhai.

    I agree with Raymott. I would interpret price-quality ratio to mean the ratio of price to quality and quality-price ratio to mean the ratio of quality to price.

    As such, each figure would indeed be the reciprocal (the multiplicative inverse) of the other.

  3. bhaisahab's Avatar
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    #6

    Re: price-quality/quality-price ratio

    [QUOTE=Will17;744935]
    Quote Originally Posted by Raymott View Post
    Wouldn't one be the inverse of the other? If the price/quality ratio is high, the quality/price ratio would be low.[/QUOTE

    What do you think Bhai?
    I think Raymott is probably right.

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    #7

    Re: price-quality/quality-price ratio

    I believe that quality-price ratio is used for wines, though don't know who else uses it, and have seen price-quality ratio used in financial analyses of companies.

  4. Raymott's Avatar
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    #8

    Re: price-quality/quality-price ratio

    In analysis of companies, the ratios have to be strictly in the right order, because so many derivative ratios are computed from them.

    In any case, as a general principle the X/Y ratio has to be the inverse of Y/X ratio if these terms are to be understood.
    If the student/staff ratio is 12:1, the staff/student ratio must be 1:12.
    There might be specific industries in which the same ratio can be expressed in either direction and be the same value, but I don't know of any.

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