The Package Location describes where the package will be found at deployment time. It is derived differently depending on ...

The Package Location describes where the package will be found at deployment time. It is derived differently depending on the type of component.

Type 'Builds with application'
The Package Location is constructed from the drop location of the build that will be selected at release time plus the relative path of the component (subfolder) defined here. Therefore, the relative path is to be supplied here.

Type 'Builds independently'
The Package Location is built from the drop location of the build that will be selected at release time plus the Relative Path to Package (subfolder) already defined in the component. Nothing more needs to be supplied here.

Type 'Builds externally'
The Package Location is built from the UNC Path to Package already defined in the component plus the version (subfolder) defined at release time. Nothing more needs to be supplied here.