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Cloud Deployment Options with Dynamics 365

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My organisation have an on-premise system currently but are considering moving to the cloud with Dynamics 365.
However, I believe they may be concerned if the Microsoft Dynamics standard deployment is a multi-tennant cloud offering.
I have tried reading through the articles Microsoft have produced and speaking with a Microsoft representative over their chatbot. But I have still not gotten a clear answer on their standard offering.
 
Any assistance from the community to answer this question would be greatly appreciated.
 

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