What is the term for a settlement of differences between opposing sides in which each makes concessions?

The term that describes a settlement of differences between opposing sides, where each party agrees to make concessions, is "compromise." This key concept in conflict resolution emphasizes collaboration and understanding among the involved parties. Rather than pursuing a win-lose outcome, a compromise seeks a win-win solution where both sides feel they have achieved a fair outcome.

In situations of negotiation or disagreement, compromise plays a critical role in fostering relationships and creating a functional working environment. By acknowledging the needs and concerns of both parties and finding a middle ground, individuals can prevent escalation of conflict, build trust, and pave the way for future cooperation.

The other options represent different concepts: 'strike' relates to a work stoppage by employees in protest, 'negotiations' refer to the discussions aimed at reaching agreements, and 'factors' are elements that contribute to a situation or effect but do not specifically address the process of reaching an agreement through mutual concessions. Each of these terms serves distinct purposes and contexts, but they do not encapsulate the collaborative essence embodied by the idea of compromise.