Explanation:

In Salesforce Industries CPQ (Vlocity), the Text value field on a Vlocity Picklist is the one primarily evaluated programmatically by both CPQ and Order Management engines.

✅ Why Text value is correct:
It holds the actual value used in rule evaluations, decompositions, and API payloads.
This value must be unique and is treated as the canonical identifier for the picklist entry.
It’s used in logic such as:
Context rule evaluations
Order decomposition mappings
Attribute-based pricing and filtering

📌 Example: If a picklist for Connectivity includes values like "GPS" or "Cellular", the Text value field stores "GPS" — which is what the system uses to match against rule conditions or pricing logic.

❌ Why the other options are incorrect:
B. Label: This is the user-facing display name shown in the Cart UI. It’s not used in backend logic.
C. Code: Often used for internal identification or naming conventions (e.g., PLI_GPS), but not evaluated in rule logic.
D. Abbreviation: Optional field used for UI shortening or display purposes — not involved in programmatic evaluation.