The answer is mass customization.
Just-in-time (JIT) production is a strategy that aligns raw-material orders from suppliers directly with production schedules. It is primarily focused on reducing inventory costs and increasing efficiency by receiving goods only as they are needed in the production process. This option does not fit the context of tailoring products to meet individual customer needs after a standardized process.
Production-to-order, also known as make-to-order, is a manufacturing process in which production starts only after a customer order is received. This approach is more about starting the production process based on specific customer orders rather than customizing a product after a standardized process.
Niche manufacturing refers to producing goods for a specific segment of the market. It involves targeting a specific group of customers with specialized needs. While it involves customization, it is more about serving a specific market segment rather than customizing products for individual customers after a standardized process.
Mass customization is a production process that combines elements of mass production with those of custom manufacturing. It allows for the creation of products that meet individual customer needs after a standardized production process. In the context of the question, the standardized butchering of the steer followed by tailoring the meat to meet individual customer preferences (e.g., T-bone steak or thin pieces for fajitas) is an example of mass customization.
Individualized production refers to creating products that are entirely unique to each customer, often involving a high degree of customization from the start. This is different from mass customization, where the initial production process is standardized before customization occurs.