Attributes are fields that specify all your product details. Every field in Magento is an Attribute, such as price, quantity, description, and color. Attribute sets are the list of required and optional fields for a product listing on Magento. You can create your own attributes and add them to different attribute sets. You must select an attribute set at the time of listing and you cannot alter it after the product is listed. 

This Section covers:

6.2.1 Creating New Attributes

6.2.2 Create and Manage Attribute Sets

6.2.3 How Magento syncs