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.
Product life cycle is the progression of an item through the four stages of its time on the market. The four life cycle stages are: Introduction, Growth, Maturity and Decline. Every product has a life cycle and time spent at each stage differs from product to product. Life Cycle Through the Stages.