What situation occurs when each party in a conflict agrees to give up something?

The situation where each party in a conflict agrees to give up something is best described as compromising. In this approach, both parties involved reach an agreement that may satisfy some of their needs, while conceding on others. This often results in a resolution that neither party may fully desire, but both find acceptable enough to move forward. Compromising is particularly useful in conflicts where both parties are equally invested and hold opposing views, allowing them to make concessions that lead to a mutually beneficial outcome.

In contrast, conflict management encompasses a broader range of strategies that might include compromising but also other methods of resolving disputes such as avoiding, accommodating, or collaborating. Distributive bargaining typically refers to a competitive negotiation strategy where one party's gain is another party's loss, which doesn’t involve the concept of mutual concessions typical of compromise. Integrative bargaining, on the other hand, is a collaborative approach where parties work together to find a win-win solution, focusing on mutual interests rather than concessions.