Take a look at how TechNet blogger Jesper Osgaard breaks down the licensing options:
With each version, essential, basic or professional, you will receive world class support from Microsoft with the assistance of a local team of our certified consultants. Microsoft Dynamics offers the flexibility to mix and match options to help you reach the best cost.
Take a Look at Microsoft Dynamics CRM global Price List
You will be able to select from a variety of options including: Online, On-Premises or a Hybrid option.
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