What is the term for a name, symbol, or design used to identify a product?

Study for the Praxis II Business Education – Content Knowledge (5101) Test. Enhance your business acumen with flashcards and multiple choice questions. Each question includes detailed hints and explanations to ensure thorough understanding. Prepare effectively for your exam!

The term that accurately describes a name, symbol, or design used to identify a product is "brand." A brand encompasses the overall identity of a product or service, including its name, logo, and any associated symbols that convey its unique qualities and values to consumers. A strong brand helps differentiate a product from competitors and establishes an emotional connection with customers.

While a trademark specifically refers to the legal protection of a brand’s name or logo to prevent unauthorized use, the broader term "brand" includes both the trademark and the product's image in the market. A logo is a specific part of a brand, serving as the visual representation of the brand identity. A slogan is a phrase used in marketing to convey a key message about the brand, but it does not encompass the full identification of the product. Therefore, "brand" is the most comprehensive and correct term for identifying a product.

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