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)
Wiktionary(0.00 / 0 votes)Rate this definition: 1  mimic(Noun) a person who practices mimicry, or mime. 2  mimic(Verb) to imitate, especially in order to ridicule. 3  mimic(Verb) to take on the appearance of another, for protection or camouflage. 4  mimic(Adjective) Pertaining to mimicry; imitative. 5  mimic(Adjective) Mock, pretended.