This is both the name of the product that will appear wherever the product is displayed, and also the name of the record in the database (the list of products). Even if you do not want the name of the product to appear in your store, you must give it a name here.

This is the price for the product that will be displayed in your store, but it is also used to calculate order totals. Even if you do not want the price of the product to appear in your store, you must enter it here. You can change the currency symbol and format in the Store Text section of ShopSite, under Preferences.

If sales tax can be charged on this item, check the Taxable box. You can set the tax rates in the Sales Tax section, under Commerce Setup.

SKU stands for "Stock Keeping Unit". In some countries it is called a "stock code." It's a number that sellers use for tracking their items. If you track your merchandise by SKU, code name, or any other number, you can enter it in this field. This number will appear when the item is ordered, to make fulfillment easier.

If you have shipping by weight selected as your shipping option in the Commerce Setup, you must enter the weight for your product here, so that ShopSite can calculate shipping costs. Do not specify a unit of measurement (pounds, ounces, kilograms, etc.), but use the same unit of measurement for all products in your store.

Ordering options let you present product variations in drop-down lists that appear on the shopping cart screen. Rather than create a page in your store that lists every possible product variation, you can use a single product and let customers choose options from drop-down lists. For example, on one page in your store you might list a polo shirt for sale, and have drop-down lists for the customer to select a size and color.