Selection according to business place is not active in company code &1

What causes this issue?

You are only allowed to select according to business place for company
codes located in particular countries. These are either those countries
for which the business place is always active, or countries for which
the business place has been activated in Customizing.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.