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Attribute

A characteristic of a product. For example, an attribute of a dresser could be “Country of origin,” and the value of this attribute for a particular dresser could be “Thailand. Customers can filter a list of products by values of one or more attributes. Sample product page with attributes in Magento Frontend:

Product Attributes in Magento  frontend
Product Attributes in Magento frontend

In Magento backend, product attributes are managed at product page, accessible via Catalog > Manage Products > Product name menu:
Product Attributes in Magento backend
Product Attributes in Magento backend
New Product Attributes can be created at Catalog > Manage Attributes screen in Magento backend and combined in groups by some common property. For example, all attributes specific for furniture can be grouped into Furniture attributes Attribute Group and this group, can be set as a default Product Attribute Set for all furniture products.
Managing Furniture product attribute set in Magento backend
Managing Furniture product attribute set in Magento backend
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