What is Targets long-term corporate strategy & objectives? How do they compare to its biggest competitor(s)? Describe Targets capital budgeting process and evaluate it. While doing so, discuss the role of the real-estate managers & CEC (Capital Expenditure Committee), their relationship, and how it would influence the capital budgeting process. What other non-financial/non-economic factors (i.e., other than the NPV and IRR) does Target consider when deciding which projects to pursue? Do you think that Targets capital budgeting process fits or adequately supports its corporate strategy & objectives?

MULTI-PART QUESTION.