Usually means: Creating and selling branded products.
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We found 10 dictionaries that define the word merchandizing:

General (6 matching dictionaries)
  1. merchandizing: Merriam-Webster
  2. merchandizing: Collins English Dictionary
  3. Merchandizing, merchandizing: Wordnik
  4. merchandizing: Wiktionary
  5. merchandizing: Dictionary.com
  6. merchandizing: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. merchandizing: Legal dictionary
  2. merchandizing: Financial dictionary

Computing (1 matching dictionary)
  1. merchandizing: Encyclopedia

Medicine (1 matching dictionary)
  1. merchandizing: Medical dictionary

Definitions from Wiktionary (Merchandizing)

noun:  Alternative spelling of merchandising [(also attributively) gerund of merchandise]

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