Functions.php

<?php
/**** Creating Custom Post *****////
function create_post_type() {
    register_post_type( 'product',
        array(
            'labels' => array(
                    'name' => __( 'Products' ),
                    'singular_name' => __( 'product' ),
                    'add_new' => __( 'Add Product' ),
                    'add_new_item' => __( 'Add Product' ),
                    'edit_item' => __( 'Edit Product' ),
                    'new_item' => __( 'New Product' ),
                    'view_item' => __( 'View Product' ),
                    'not_found' => __( 'Sorry, we couldn\'t find the Product you are looking for.' )
            ),
        'public' => true,
        'publicly_queryable' => true,
        'exclude_from_search' => true,
        'menu_position' => 19,
        'menu_icon' => 'dashicons-cart',
        'has_archive' => true,
        'hierarchical' => true,
        'capability_type' => 'post',
        'rewrite' => array( 'slug' => 'product' ),
        'supports' => array( 'title', 'editor', 'thumbnail' )
        )
    );
}
add_action( 'init', 'create_post_type' );

/************ Taxonomy Area *************/

function product_taxonomy() {
    register_taxonomy(
        'product_cat',  //The name of the taxonomy. Name should be in slug form (must not contain capital letters or spaces).
        'product',                  //post type name
        array(
            'hierarchical'          => true,
            'label'                 => 'product Category',  //Display name
            'query_var'             => true,
            'show_admin_column' => true,
            'rewrite'               => array(
                'slug'              => 'product-category', // This controls the base slug that will display before each term
                'with_front'        => false // Don't display the category base before
                )
            )
    );
}
add_action( 'init', 'product_taxonomy');




?>