Archive store &1 not found

What causes this issue?

Archive store &v1& is not in the list of available archive stores.

System Response

The action is terminated.

How to fix this error?

Enter a valid archive store or use the input help.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.