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What does product placement mean?

Looking for the meaning or definition of the word product placement? Here's what it means.

Noun
  1. A form of advertising where a brand or product is placed in the media, for money.
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Examples
If one buys into that theory, even product placement as simple as a brand mention becomes attractive.
As a result, the cigarette companies adopted a voluntary code that purportedly ended product placement in films.
I just popped in to show you how clever I was, showing that product placement and merchandising is plain wrong.
Mateo wanted to hear more about the finer details of the product placement of plus-size clothing in the department store where her mother worked.
The film is one enormous set, with product placement everywhere and the camera crew ever keen to test crane shots.
The agency will also have a designated division for branded content, sponsorship and product placement in film and television.

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