Final answer:
The term for the resolution or outcome of a story is dénouement, which follows the story's climax and ties up loose ends, providing closure and understanding of the ultimate outcomes for the characters.
Step-by-step explanation:
The term for the resolution or outcome of a story is dénouement. The dénouement comes after the climax of the story, where the central conflict has reached its peak. In the dénouement, any remaining loose ends are tied up, and the story concludes, sometimes returning to a sense of normalcy but often with a change resulting from the events that have occurred. This is not to be confused with other elements like the exposition, which sets up the story and introduces characters, or the conflict, which drives the narrative. While the climax is the point of highest tension and the turning point of the story, it is only through the dénouement that the audience gets closure and understanding of how the characters and their circumstances are ultimately affected.