Products define a set of of prices; these prices are known as rate-plans. When defining a product you provide default values which can be used when creating new rate-plans. Each product has a unique name for ease of lookup.
Products API documentation
For example:
You may offer a startup and enterprise product, each product may contain its own pricing:
Startup product
- Standard rate-plan
- Acme Inc, discount rate-plan
Enterprise product
- Standard rate-plan
- High-volume rate-plan
Structure