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.
In the event a lottery pick is traded to another team, the record of the original team (whose pick it was before the trade) still determines eligibility for the lottery, and assignment of chances. Since 2005, with 30 NBA teams, 16 qualify for the playoffs and the remaining 14 teams are entered in the draft lottery.