Explain Overview of Magento Products in details

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Introduction:
§      Products are the items or things that are sold in Magento.
§       Product can be anything that is capable of satisfying the customer’s needs.
§      This includes both physical products and services.
§      Magento provides 6 different types of products.
§      Appropriate selection of product type is essential for accessing the appropriate set of features required to sell the product.
§      Following are the product types available in Magento.
1)      Simple Products
2)      Grouped Products
3)      Configurable Products
4)      Virtual Products
5)      Bundled Products
6)      Downloadable Product

§      Let’s understand product types one by one.

1)      Simple Products:
§      These are general product type, which are the most used products.
§      In this section, there are no options for selecting size or color of the product.
§      Example − Coffee cup, DVD's, Camera lens, etc.

2)      Bundled Products
§      Bundled products are those products which cannot be sold separately and doesn't give any choice to the end user.
§      Example − Consider you want to buy a cell phone which includes earphone, memory card, battery, charging cable, etc.
§      These are together called bundled products.
§      These products cannot be sold individually but can be sold within the bundle product.

3)      Grouped Products
§      This is a group of simple products.
§      In this type, you cannot specify a specific price for a product; you can just specify the discount.
§      Example − Cell phone + Memory card + Ear phone

4)      Downloadable Products
§      Products which are available for download are known as downloadable products.
§      Example − MP3 file, eBook, documents, etc.

5)      Configurable Products
§      In this type, customer can select products according to their color and size before purchasing.
§      Example − Cell phones obtained in different colors and sizes.

6)      Virtual Products
§      Virtual products are those which do not have physical counterpart,
§      I.e. these are used for virtual items. These products cannot be shipped or stocked.
§      Example − Online training course

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