bacon vs bacon strip

bacon and bacon strip both are nouns.

Word	Noun	Adjective	Verb	Adverb
bacon	Yes	No	No	No
bacon strip	Yes	No	No	No

As nouns, bacon strip is a hyponym of bacon; that is, bacon strip is a word with a more specific, narrower meaning than bacon:

bacon: back and sides of a hog salted and dried or smoked; usually sliced thin and fried
bacon strip: a slice of bacon

Other hyponyms of bacon include flitch, side of bacon, gammon, Canadian bacon.

bacon (noun)	bacon strip (noun)
back and sides of a hog salted and dried or smoked; usually sliced thin and fried	a slice of bacon