Office 365 (actually Microsoft 365 these days) is, depending on what edition you buy, a set of cloud based services and licenses for installing the traditional desktop applications.
As with most Microsoft licensing & naming things it is surprisingly complex!
> As with most Microsoft licensing & naming things it is surprisingly complex
And weird. Like they don't want your money weird.
We have Office 365 for small businesses (or whatever it is called these days). A co-worker needed Visio for something. Nope. Visio is for businesses with Office 365 Enterprise subscription only.
Long story short, ended up with him having to buy a personal copy with the company credit card.
As with most Microsoft licensing & naming things it is surprisingly complex!