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 this May 20, 2014, file photo, Cleveland Cavaliers general manager David Griffin, left, and minority owner Jeff Cohen celebrate after the Cavaliers won the top pick in the the NBA basketball draft lottery in New York. The 2015 NBA draft lottery will take place in New York on Tuesday, May 19, 2015.