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: model (Noun). A person who serves as a subject for artwork or fashion, usually in the medium of photography but also for painting or drawing.The beautiful model had her face on the cover of almost every fashion magazine imaginable.odel (noun). something intended to serve, or that may serve, as a pattern of something to be made; a material representation or embodiment of an ideal; sometimes, a drawing; a plan; as, the clay model of a sculpture; the inventor's model of a machine.