Product Variants

Product Variants

A specific version of a ‘master’ product that is differentiated by one or more attributes, such as scent, color, size, material, or price. These variants allow customers to select their preferred version of the product based on their personal preferences or needs. In eCommerce and retail terminology, the concept of product variants is often illustrated through a parent-child relationship, where the master product serves as the ‘parent’ and its different versions are considered ‘children’. Each variant, while sharing the core characteristics of the parent product, offers unique features that cater to diverse consumer demands.

Related Terms

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A small-format retail outlet that offers a limited selection of basic and immediate consumption items, such

High-Low Pricing

A strategy where a company sets an initial high price for a product and later reduces

Customer Loyalty

Emerges when customers consistently favor a brand over its competitors, leading to repeat purchases and a