Basicaly, taxonomies allow you to map your store categories onto feed categories. The term Feed taxonomy is described explained in detail in Terms Definitions.
Please note that not all Feed authorities provide category trees, so Taxonomies for all Feed layouts are not available.
The taxonomy setup is actually available only on a category level. The setup on a product level is on the roadmap but not scheduled. Thus fire us a message if you need to define taxonomies on a product level.
|Content by Label|