GE expanded its operations into sectors such as healthcare, renewable energy, aviation, and finance. By diversifying its product offerings, GE aimed to capitalize on new growth opportunities and reduce reliance on any single market or industry. This strategy enabled the company to mitigate risks associated with economic downturns or fluctuations in specific sectors. Product diversification provides which two benefits to managers that do not accrue to shareholders? Group of answer choices Greater experience in a wider range of industries and lessening of managerial employment risk The manager frequently invests in the acquired firm, which allows him or her extensive profits and the manager can frequently buy excess assets divested by the acquired firm The manager's supervisory needs are lowered and the manager is allowed greater time to oversee a wider range of activities The opportunity for higher compensation through firm growth and a reduction in managerial employment risk