Question 1 (1 point) Saved What is a Master Production Schedule (MPS)? It is an iterative business management process that determines the optimum level of manufacturing output. It represents what the company plans to produce expressed in specific configurations, quantities, and dates. It is a process to develop tactical plans based on setting the overall level of manufacturing output and other activities to best satisfy the current planned levels of sales. It is a planning process for determining the need to replenish inventory at branch warehouses