merchandising vs publicizing

merchandising and publicizing both are nouns.

Word	Noun	Adjective	Verb	Adverb
merchandising	Yes	No	No	No
publicizing	Yes	No	No	No

As nouns, merchandising and publicizing are synonyms defined as:

merchandising and publicizing: the business of drawing public attention to goods and services

Other synonyms of merchandising include advertising.

merchandising (noun)	publicizing (noun)
the exchange of goods for an agreed sum of money	the business of drawing public attention to goods and services
the business of drawing public attention to goods and services
branded products meant to promote another product, especially films and pop groups