Which of the following license types most commonly describes a product that incurs a yearly...

A subscription license is a type of license that grants the user the right to use a product or service for a fixed period of time, usually a year. The user pays a recurring fee, regardless of how much they use the product or service. Subscription licenses are common for cloud-based software and services, such as Microsoft 3651 or DocuSign2.

References = 1: Compare All Microsoft 365 Plans (Formerly Office 365) - Microsoft Store(https://www.microsoft.com/en-us/microsoft-365/buy/compare-all-microsoft-365-products) 2: DocuSign Pricing | eSignature Plans for Personal & Business(https://ecom.docusign.com/plans-and-pricing/esignature)