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How to select the correct product type for your products in Magento?

We all know that Magento is the most widely used Open Source for eCommerce and several big companies are already using it to their advantages, such as Coca-Cola, Nike, Ford, Cisco Systems, Canon, Abbott Laboratories and many more. No wonder, Magento offers an array of features that cater to the needs of this wide range of industries and their products. In fact, Magento has 6 different product types to choose from. However, more choice also brings in more confusion. So…