Product variants are used to give single products a variety of different characteristics, such as size and color. Products using variants can be managed at the product template level (for all attributes and variants of that product), and/or at the variant level (for individual variants).
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As an example, a company selling t-shirts may have the following product:
T-shirt
Color: Blue, Red, White, Black
Size: S, M, L, XL, XXL
In this example, the T-Shirt is the product template, and T-Shirt, S, Blue is a product variant. Color and size are the attributes. S and Blue are values.
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