Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
Nope!
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You will need to pay for a separate Office license / subscription.
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The real name of "Windows 365" should be "Cash cow 365"
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This is the first article I've seen digging in to the nuances of Windows 365 https://office-watch.com/2021/important-details-to-know-about-windows-365/ I like the feature where you can increase the "size" (cost) of a Windows 365 machine, but cannot reduce it.