The value premium that a company realizes from a product with a recognizable name as compared to its generic equivalent. Companies can create brand equity for their products by making them memorable, easily recognizable and superior in quality and reliability.
Definition of simulate. simulated. ; simulating. transitive verb. 1 : to give or assume the appearance or effect of often with the intent to deceive : imitate. 2 : to make a simulation of (as a physical system)
Hyponyms (each of the following is a kind of model): simulation (the act of imitating the behavior of some situation or some process by means of something suitably analogous (especially for the purpose of study or personnel training)). â¢ MODEL (adjective).roponyms (each of the following is one way to model): scale (pattern, make, regulate, set, measure, or estimate according to some rate or standard). sovietise; sovietize (model a country's social, political, and economic structure on the Soviet Union).