For a fresh installation of CME, the following picklist values are added automatically. For an upgrade, you need to add these picklist values manually.
|CME Fall '20||pleOfferMap basketPricing|
|CME Winter '21||bundleWrapper promotionWrapper|
If any picklist values for an object are installed through the managed package and those picklist values are inactive, you must activate them.
For instructions on how to add picklist values, see Adding Picklist Values.