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Assessment Task 1: Area of study 1: A market System Jono Georgiou 1. The main characteristics of the employ move market be: the players in the market who are the consumers or the buyers and the dealer or private seller. The types of goods are for sale in the use auto market are durable goods. utilise elevator political machines are can be bought and interchange my LMCT, online, newspapers and private seller. 2. thither are numerous government laws and regulations on the used railroad railway car market. An ex ample of laws that is in point in the used car market is that the dealer must(prenominal)iness pull up stakes the buyer with a clear title of the car, so if the car has been stolen, the dealer must provide the buyer with a integral refund. And also must provide a three-day cooling design (if the buyer changes their mind) and a th ree month or 5000kms imprimatur for cars built slight than 10 years ago which traveled less than 160000kms are some examples of laws and regulations that government in place for the used car market . The reason why the governments select to intervene is because many buyers would because ripped off my used car dealers as off stooping information. 3. http://www.redbook.com.

au/cars/research/new/ details?R=581612&Silo=spec&Vertical=car&Ridx=0&eapi=2 . The web range assists buyers in knowlegde of the used car that they are looking at.as the website prodive close to information that would be needed to kn ow when looking at a used car, like the enig! ne, the dimensions , if the car has a warrant or non and how long it is for,green infro, streeing , wheels and the standard equipement of the car. 4. Advantages; Manheim hold weekly car auctions at locations around Australia which include passenger, Government, 4WDs, commercial, clearance and prestigiousness vehicles as well as trucks, trailers, motorcycles, plant & equipment, machinery, boats, deflection vehicles, lodge and damaged cars. You can attend in person or bid...If you want to get a full essay, revise it on our website: OrderCustomPaper.com

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