One of the most frequently posed Magento 2 interview questions, be ready for it.  Magento 2 supports six product types, and they are:  Simple: Simple Products are tangible goods with only one SKU (Store Keeping Unit) and no option for selecting variations.  For example: A table/ cup etc.  Grouped: Grouped Products is a collection of various simple products that are all shown on the same page. There is no price for the Grouped Products but it is available for only sub products. The products can be bought individually or in bulk.  For example: Luggage set.  Configurable: Simple items with options make up a configurable product (size, color, materials, etc.). Because each choice has a unique SKU, a store administrator can keep track of the inventory.  Virtual: Virtual Products do not have a physical presence. Hence, they do not require delivery, downloading or shipping.  For example: Online courses/ consulting, Tech services.  Bundle: Bundle Product is a pack of simple products which cannot be sold separately.  For example: A gift basket, Xbox bundle etc.  Downloadable: Downloadable product can be downloaded once it is purchase. It can’t be shipped or touched like a virtual product.   For example: Software tool or Gaming setup.