Commerce Paper 1: Commercial Operations and Associated Risks focuses on the foundational aspects of business operations and the potential risks associated with them. This paper examines key topics such as business transactions, financial management, and operational processes, alongside the identification and management of various risks like financial, operational, and market risks. Students are expected to understand how different commercial activities impact business performance and learn strategies to mitigate potential risks. The exam assesses their ability to apply theoretical knowledge to real-world business scenarios, ensuring they are well-prepared for practical challenges in the commercial sector.