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.
Joel Litvin, the NBA's president of league operations, starts up the lottery machine prior to the 2011 NBA draft lottery in Secaucus, N.J., on May 17. Joel Litvin, the NBA's president of league operations, starts up the lottery machine prior to the 2011 NBA draft lottery in Secaucus, N.J., on May 17.