Which of the following terms best describes the process that occurs when two or more parties decide how to allocate scarce resources? mediation arbitration conflict management unionization negotiation

negotiation

Explanation:

In the allocation of scarce resources involving two or more parties, there must be some level of dialogue and considerations when allocating such resources. The process of dialogue in order to reach a compromise in the allocation is known as negotiation. It involves skills and abilities such as persuasion, communication, cooperating, and strategizing.