What feature allows users to manage app licenses in Apple Business Manager?

Managed Distribution is the correct answer because it specifically pertains to the ability to manage app licenses within Apple Business Manager. This feature enables organizations to purchase apps in bulk and assign them to users or devices while also allowing them to retain control over licensing. With Managed Distribution, companies can easily distribute apps to their employees, track usage, and reclaim licenses when an app is no longer needed.

This process simplifies the management of software within an enterprise, ensuring that licenses are efficiently allocated and managed in accordance with the organization's needs. As a result, it promotes a streamlined workflow for app deployment and license tracking, making it ideal for large organizations looking to manage their app inventory effectively.

The other options focus on different aspects of Apple's ecosystem. The Volume Purchase Program is related but is now a component of Managed Distribution, as it underpinned the processes prior to its integration into a more unified system. Device Management deals with the overall management of devices rather than app licensing specifically, and App Store Connect serves developers in distributing their apps rather than managing licenses on the business/user end.