Individuals or companies who want to use the latest version of Office are faced with the choice of whether to buy a license ...

However, Microsoft still offers both a subscription model dubbed Microsoft 365 and a license model for its Office ... There's Business Basic, Apps for business, and Business Standard.

Individuals and businesses can pay for the software license up front and own it forever (what the company calls the “perpetual” version of the suite), or they can purchase a Microsoft 365 ...