Scientifically, the term buffalo is incorrect for the North American species; its proper Latin name is Bison bison. However, common usage has made the term buffalo an acceptable synonym for the American bison. (from The American Buffalo in Transition, by J. Albert Rorabacher.).
Life cycle. Life cycle, in biology, the series of changes that the members of a species undergo as they pass from the beginning of a given developmental stage to the inception of that same developmental stage in a subsequent generation.
Life cycle is primarily associated with marketing theory. This is the stage where a product is conceptualized and first brought to market. The goal of any new product introduction is to meet consumers' needs with a quality product at the lowest possible cost in order to return the highest level of profit. The introduction of a new product can be broken down into five distinct parts: