Explanation:

In Vlocity Enterprise Product Catalog (EPC), Picklist Entities are designed to be globally reusable across products and attributes. They can be managed in two ways:

Vlocity Product Console:
Admin-friendly UI for creating/modifying picklists (e.g., for colors, sizes).
Path: Product Console > Picklist Entities.

Salesforce Setup:
Standard Salesforce picklist management (e.g., Setup > Object Manager > Picklist Value Sets).

Key Benefits of Global Reusability:
Ensures consistency (e.g., "Small/Medium/Large" options standardized across all products).
Reduces duplicate picklist creation.

Why Option B is Incorrect?
The statement is true because picklist entities are centralized and editable in both interfaces.