Tax Configuration in Magento helps to set tax, with different product class.
You can decide here, how you want to show prices of product on Catalog page or Shopping Cart […]

Configurable Product offers the customers a variety of options. This product type enables your customers to select the variant that they want by choosing options.
For Example,
You […]

Bundle Product offers you various product by binding together. Customer have a assortment of options to select product of their choice.
For Example,
Computer in which there is […]

Simple product is a product to which we can sell individually, or in association with Configurable, Group or Bundle product.Process to create Simple Product:

• Catalog->Manage […]

Grouped products are those product that you can sell in a group. You can add existing product in a group and sell them. For that, you have to create […]