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 1990, the NBA changed the format of the lottery to give the team with the worst record the best chance of landing the first pick. For the 11 non-playoff teams that season, the team with the worst record would have 11 chances (out of 66) to obtain the first pick, the second worst would have 10 chances, and so on.