Final answer:
Microsoft Office 365 is an instance of a Software as a Service (SaaS) cloud deployment model, which facilitates access to cloud-based apps like word processors and collaboration tools from any device.
Step-by-step explanation:
Microsoft Office 365 is an example of a cloud deployment model, which specifically is a part of the Software as a Service (SaaS) category. SaaS allows users to access and use cloud-based apps over the Internet. Common examples are email, calendaring, and office tools such as Microsoft Office 365.
With cloud storage solutions like Microsoft's OneDrive and Drive, files are stored on the Internet and can be accessed from any device. These services make file sharing easy, as changes to documents are saved automatically, ensuring that the most recent version is seen by everyone.
Moreover, numerous collaboration platforms facilitate electronic communication and teamwork. Platforms such as Slack,, Zoom, and Microsoft Teams offer features for shared workspaces that include file sharing, storage,, video conferencing, and task organizing, supporting efficient collaboration among team members.