Custom Labels for Products:

20 custom fields can be added for the product, these custom fields can be used while adding a new product.

Custom fields can be anything related to the product like brand code, product code etc.

To add this Go to Settings > Business Settings > Custom labels

Provide the custom label name here.

Field Type for labels:

The data type can be specified for each custom field. Select text, date picker or dropdown types.

For dropdown add a line break after each option.