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)
Use realistic in a sentence. LINK / CITE ADD TO WORD LIST. adjective. The definition of realistic is someone who has a good grip on the reality of a situation and understands what can and cannot be done, something that is a practical, achievable idea, or something that resembles the actual truth about life.