E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.
NBA draft lottery. The NBA Draft is an annual event held since 1985 by the National Basketball Association (NBA), in which the teams who had missed the playoffs that year participate in a lottery process to determine the draft order in the NBA draft.
Unlike the NFL and MLB, the NBA determines the order for the top of its draft by following a weighted lottery system that distributes more ping-pong balls to teams that finished at the bottom of the regular season standings. Let's take a look at how it all works.