Creating specific product options

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I am looking to create an item that allows buyers to choose 5 options.  I would want the option to link to the available inventory and to a specific collection.  For a tangible example, imagine a Jimmy John's order where you have to select type of bread, chips, side options with a drop down.  Any ideas how to set this up?  

It would be 

Product 1

Option 1-5  with all options linking to the same product collection (and that flows and is tracked by inventory)