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)
Definition of robot for English Language Learners. : 1  a real or imaginary machine that is controlled by a computer and is often made to look like a human or animal. : 2  a machine that can do the work of a person and that works automatically or is controlled by a computer.