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judith robertson

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Oct. 5, 2009

judith robertson and 2 other people answered this question

What can I do to keep competition out?

I agree with all previuos comments, you need to concentrate on selling the benefits and ROI of your product. Have you assessed the current compatability of your product to your customers needs ? If your competitors have found an edge it may not be price ... more

Oct. 5, 2009

judith robertson recommends this comment by Richard Schultz

How do you determine materiality for business transactions and other disclosures?

The rules of thumb I've seen used are:
5% Net Income
1% Revenue
0.1% - 1.0% Total assets
Of course, as Aditya said, judgment has to be exercised. If your company is at breakeven, the Net income measure is not really applicable. Or, for a services business, Total Assets ... more

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