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.
What is the product life cycle? The product life cycle is an important concept in marketing. It describes the stages a product goes through from when it was first thought of until it finally is removed from the market. Not all products reach this final stage. Some continue to grow and others rise and fall.