Product -> Product master

Hi,

If I have a product in AX 2012, is there any way I can make it as a product master?

Thanks,

No, product masters are centrally held and products created from them.

Can you explain bit more ?

From which perspective? Have you looked at the entirely new item creation process in AX2012? You either create released products directly, or create product masters and release them into legal entities to create released products.