Microsoft changes the product name for several Office 365 licenses. Which licenses are involved and do use rights change as well?

With the release of the Product Terms May 2020 Microsoft updated the product names of several Office 365 licenses. The following table includes the involved products as well as the new product names.

Old product nameNew product name
Microsoft 365 BusinessMicrosoft 365 Business Premium
Office 365 BusinessMicrosoft 365 Apps für Business
Office 365 ProPlusMicrosoft 365 Apps for Enterprise
Office 365 Business EssentialsMicrosoft 365 Business Basic
Office 365 Business PremiumMicrosoft 365 Business Standard

This update only influences the product names. There are no updates to use rights.

Source: Microsoft Product Terms, May 2020