Is it necessary to have data in these fields? Ie - what if I don't know the stock level and the update date - since this is my first time adding these products, should I leave blank? Or put todays date? Product live I would enter "true" then and unlimited would be false? Or if I don't know the inventory level, would I make it unlimited?
Stock is the number of items in stock at the last update date.
Product live is a true false field that allows you to quickly add or remove a product or stage it on the back end before making it live for users to purchase.
Product unlimited is a true false boolean field that can be used to mark an item exempt from inventory concerns so that it will be available in stock regardless of inventory.