Product catalog enhancement

Microsoft Dynamics CRM also provides a product catalog to store the product or
service information. This product catalog provides different out-of-the-box features
such as configuring products, defining discount list, setting unit groups, and
maintaining a price list based on the different scenarios.
With CRM 2015, many new product catalog enhancement features have been
released such as:
• Support for Product Families
• Define Product Properties at Family level
• Define Product Bundles
• Price List based on Territory
• New System Setting for Product
• Custom Price Calculation
• Support for Cross Sell and Up Sell
With CRM 2015, we can use the product family for grouping. The product family
allows us to define product properties as well, which is inherited by products when
added to the product family. The product family is useful especially when we want
to combine similar category products in one group:


Product  reference -http://community.dynamics.com/crm/b/adaptablesolutionscrmblog/archive/2015/02/19/dynamics-crm-2015-products-families-bundles-amp-kits

Kits	Bundles
All the products in a kit are mandatory.	Some products in a bundle can be optional.
Kits support nesting; you can add a kit to another kit.	You can’t add a bundle to another bundle. You can only add products to a bundle.
While adding a kit to an opportunity, quote, order, or invoice, you can only see the kit level details; you can’t see individual products in the kit.	While adding a bundle to opportunity, quote, order, or invoice, you can see the bundle level details as well as individual products in the bundle