Group & has not been created yet

What causes this issue?

The group &V1& that you have entered has not been created yet, nor does
it exist as a node within a hierarchy.

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?

Create group &V1& using the relevant function under the 'Master data'
menu option, or
Correct your typing error.

Error message extract from SAP system. Copyright SAP SE.