Which of the following is not a stakeholder in LVMH's operations?

In the context of LVMH's operations, stakeholders are individuals or groups that have an interest or concern in the organization. Employees, managers, and shareholders all play direct roles in the company's operations and decision-making processes.

Employees are crucial as they contribute their skills and labor to the company, influencing productivity and workplace culture. Managers are also key stakeholders because they make strategic decisions that guide the company toward its goals and ensure operations align with overall profitability and brand image. Shareholders invest capital in LVMH and expect returns on their investments, thus having a vested interest in the company's performance and strategies.

While consumers are essential to the business model of LVMH, particularly in luxury goods, they are generally considered part of the market rather than direct stakeholders in terms of the company's internal operations and decision-making processes. Their interest primarily revolves around purchasing products and brand experience rather than contributing to the organizational framework directly.

Recognizing this distinction helps clarify why consumers would not be categorized as stakeholders in the same way as employees, managers, and shareholders.