Manage presets
From Audacity Development Manual
Most effects, generators and analyzers in Audacity have a button in their dialog. Clicking on this gives a dropdown menu enabling you to manage presets for the tool and to see some detail about the tool.
- Accessed by: Pressing the button at the bottom left of effects, generators and analyzers

- Example of the Normalize effect showing the "Manage" dropdown menu
User Presets
Factory Presets
Delete Preset
Save As...
Import
I've no idea what this is supposed to do.
Export
I've no idea what this is supposed to do either.