"one whose business is the decoration of dwellings or public edifices," 1700, agent noun in Latin form from decorate.
From 1620s as "body of persons, appointed or elected, to whom some special business or function has been entrusted;" a new formation or else an extended sense of the old noun. Related: Committeeman; committeeship.
mid-13c., marchaundise, "trading, commerce, action or business of buying and selling goods or commodities for profit;" mid-14c., "commodities of commerce; wares, movable objects, and articles for sale or trade," from Anglo-French marchaundise, Old French marcheandise "goods, merchandise; trade, business" (12c.), from marchaunt "merchant" (see merchant). The plural had become obsolete in English by late 19c.
by 1917, American English, abbreviation of Masters of Business Administration, an educational degree attested by that name by 1912.