What is the primary difference between retrenchment and restructuring?

Retrenchment involves selling off part of a firm$$s operations, while restructuring involves shutting down portions of a firm$$s operations.

Retrenchment focuses on entering new industries, while restructuring focuses on exiting existing industries.

Retrenchment aims to reverse vertical integration strategies, while restructuring aims to unlock hidden shareholder value.

Retrenchment requires bolder moves than restructuring to ensure a firm's survival and future success.