SAP Message UGMD502 - No values are yet defined for characteristic &1

Diagnosis
No valid values are yet defined for characteristic &v1& in thecombination. Therefore, it is not possible to form combinations.
This situation can occur when you want to create a combination ofcompany and profit center, but no characteristic values yet exist forthe company or profit center.

Procedure
Create at least one value for every characteristic from thecombination.