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By default, Advanced Ads comes with “Ad Groups” as the primary taxonomy for categorizing ads. However, if your needs extend beyond this default setup and you require additional options for ad grouping, you can leverage the provided code as a solid foundation. I originally developed this as a custom solution for a client who wanted to categorize his ads by a ‘company’ taxonomy.
As this code is relatively extensive, I’ve relocated it to a gist for your convenience.