A name is a word, or set of words, that is used to identify a product, service or company. It is the primary handle used for reference in the majority of a brand’s communication, both internally and externally, and it aids in consumer or client decision-making when choosing a product, service or company. Over time, a name becomes a valuable brand asset that holds a significant amount of value and IP. A great name is one that is strategically relevant, memorable, culturally and linguistically viable, and legally ownable. A name can contain letters and numbers, and can range from real word to coined (made up) words. When the word “trademark” is used, it often can mean a brand name.
Also known as: Brand Name, Trademark
Resources: 10 Most Common Naming Mistakes