A managed marketplace refers to an online marketplace that's owned and operated by a single entity, which controls the rules and regulations governing the platform. This includes everything from the products and services offered to the fees that are charged to both buyers and sellers.
Managed marketplaces are designed to be self-contained ecosystems, where everything is tightly controlled to ensure high quality and consistency. They are often seen as a way to create more efficient and streamlined buying and selling experiences. Ultimately, managed marketplaces are a way for businesses to take control of the sales process, and to create a more seamless and satisfying experience for their customers.