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"merchant activities" is a correct and usable phrase in written English.
You can use it to refer to the general activities that a business or merchant may engage in to support their operations or make a profit. For example, "The merchant activities of the company included wholesaling, retailing, and e-commerce."
Exact(2)
Evidence for that can be found in inscriptions of Sargon II, according to which merchant activities there began about a generation before his time.
Unlike some merchants, there is no evidence that Gerry profiteered from this activity (he spoke out against it, and in favor of price controls), although his war-related merchant activities notably increased the family's wealth.
Similar(58)
Maybe more interesting is merchant activity … that graph looks great".
He described the bustling cities of Linqing and Dezhou in the northern province of Shandong, although he stated that the merchant activity and sizes of these two cities did not match the grandeur of Hangzhou and Suzhou in the south.
According to these legends, the pirates would use the merchant activity to pass unnoticed and use the rivers to go inland, where they hid the pludered treasure inside sewer systems.
Despite the prevailing turmoil, Somalia functions as an "economy without state" [ 29], with its vigorous and unregulated merchant activity servicing the region.
Mr. Wasserstein was concentrating more of his efforts on the firm's merchant banking activities, where failures piled up.
In 1987 Peter became Co-Head of the firm's merchant banking activities, and served as Chairman of its Investment Committee.
In banking law terms, the Fed is simply asking Congress to take back a specific authorization to conduct so-called merchant banking activities, which was originally granted to bank conglomerates in 1999 as part of the Gramm-Leach-Bliley Act that famously ended the Glass-Steagall era.
Let them show to all of us how many specific new nonfinancial technology start-ups they have financed since 1999, and how much their merchant banking activities have actually contributed to the growth of the real American economy and the welfare of ordinary Americans.
If the revenues generated by private equity and hedge fund customers and their own alternative investment and merchant banking activities are added up, the resulting percentage roughly 20-25 percent of the total –is large for an asset class that still represents only about 10percentt of institutional portfolios.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com