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Phoenician inscriptions have been found in archaeological sites at a number of former Phoenician cities and colonies around the Mediterranean, such as Byblos (in present-day Lebanon) and Carthage in North Africa.

Mosaic showing garum container, from the house of Umbricius Scaurus of Pompeii.

These markets typically occupied a place in the town's centre.

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In modern times, the term occasionally has been used to refer to a businessperson or someone undertaking activities (commercial or industrial) for the purpose of generating profit, cash flow, sales, and revenue utilizing a combination of human, financial, intellectual and physical capital with a view to fueling economic development and growth.

The Phoenicians not only traded in tangible goods, but were also instrumental in transporting the trappings of culture.

The Phoenician's extensive trade networks necessitated considerable book-keeping and correspondence.

By the eighteenth century, a new type of manufacturer-merchant was emerging and modern business practices were becoming evident.

The English term, "merchant" comes from the Middle English, marchant, which itself originated from the Vulgar Latin mercatant or mercatans, formed from present participle of mercatare meaning to trade, to traffic or to deal in.

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