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The Product Record Page will show you important information about the product you have selected. If the product is a publication then you will have Issues and Sections in the tabs below, if it is an exhibition you will have the Payment Schedule and Halls tabs instead.

https://www.ultimatedb.net/page_6837

The Main tab shows all of the main information about your product. Such as the default Item Type, default order type or any flags. The Order Number Sequence, Invoice Number Sequence, Order Administrator, Cost Code, VAT Country, Default VAT Code, Nominal Code that represents the Bank account and Invoice Email Template is also available here 

You can also link the product to a product group, or create a new product group and link it. Do this by clicking the  button on the far right hand side.