When I go to Products Report, there is a link to click to hide or show options and components. Nothing happens when I click the link, should it?

you'll need to run the product report first then click on the show options link when the results come out.

Thanks for the reply! Unfortunately, it does nothing to the report.

Do you have options set up for your products? If yes, then click on that link will show products with all the options (e.g. T-shirt, size S, M, L).