Final answer:
The product described is an example of the Software as a Service (SaaS) cloud computing model, where the company manages and maintains the software, providing access to customers typically through a subscription.
Step-by-step explanation:
When a company provides you with a completed product that is run and managed by the company itself, allowing you as a customer to simply use the product without worrying about maintaining or managing it, this kind of product belongs to the Software as a Service (SaaS) cloud computing model. In the SaaS model, applications are hosted by a service provider and made available to customers over the internet, typically on a subscription basis. This is distinct from other cloud services, such as Platform as a Service (PaaS), which provides a platform allowing customers to develop, run, and manage applications, or Infrastructure as a Service (IaaS), which provides virtualized computing resources over the internet.