Difference between and Product and a Product Family

Product Family defines the kind of category your product belongs to. For example: A 'white mobile cover' belongs to the product family of mobile accessories, whereas a 'white Apple I-phone' would belong to 'mobile devices'. 

Adding a Product Family

Step 1:-

Click on product families under 'Manage Stock'

Step 2:-

Enter the name of the product family and click on 'Add'.

Step 3:- Assigning Products to Product Families

Select the items you would like to assign to the 'product family' and click on the family name under 'select a product family'. This will the products to an existing family. 

You may also chose to create a 'New product family'

How is it useful?

Creating a product family would help you categorize the products as per their type.