Under a consumption-based (pay-as-you-go) pricing model, organizations are invoiced only for the amount of cloud resources that they actually consume. Because usage can be increased or reduced at any time, this approach offers flexibility and helps avoid paying for idle capacity. The remaining statements describe pricing approaches that involve flat fees, capital expenditure, or long-term financial commitments, none of which reflect the on-demand nature of consumption-based billing.
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Microsoft Azure Fundamentals AZ-900
Cloud Concepts
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