A "product type" refers to a specific category or classification of goods that share similar characteristics or functions. For example, within the broader category of electronics, you might find product types such as smartphones, laptops, and tablets. Each product type serves a distinct purpose and targets different consumer needs. Understanding product types helps businesses and consumers make informed decisions. Companies can tailor their marketing strategies based on the unique features of each product type, while consumers can easily compare options within a category. This classification simplifies the shopping experience and enhances product organization in stores and online platforms.