Final answer:
An Azure account is billed based on the Azure pricing model selected during account setup, which includes options like Pay-As-You-Go and Enterprise Agreement, affecting billing and payment terms.
Step-by-step explanation:
The type of subscription that determines how an Azure account is billed for using Azure services is known as an Azure pricing model. When you create an Azure account, you must choose a pricing model that fits your needs, which could be the Pay-As-You-Go model, an Enterprise Agreement, or a Microsoft Customer Agreement, among others.
Each model has different billing and payment options, services, and rates. It's critical to select the right subscription to manage costs effectively while utilizing Azure's cloud services.
With this subscription, you pay only for the resources that you use, such as virtual machines, storage, and networking services. The billing is based on hourly usage and the rates vary depending on the specific service.