Which term best describes a method of resolving conflicts where all parties find a satisfactory solution?

The term that best describes a method of resolving conflicts where all parties find a satisfactory solution is negotiation. In negotiation, all parties involved communicate openly about their needs and interests, working collaboratively to reach a compromise that addresses everyone's concerns. This process often encourages a cooperative environment, allowing individuals to express their viewpoints while actively seeking a mutually beneficial resolution.

Mediation involves a neutral third party who helps facilitate discussions between conflicting parties, but the primary goal is often to assist in reaching a consensus rather than focusing solely on satisfying all parties' needs directly. Arbitration, on the other hand, typically involves a third party making a binding decision, which may not necessarily leave all parties satisfied. Laissez-faire does not pertain to conflict resolution at all; it refers to a hands-off approach in management or governance, allowing for minimal interference.