The document discusses segmentation, targeting, and positioning (STP) as key marketing strategies. Segmentation involves dividing the total market into smaller subgroups. Targeting is selecting specific segments to enter. Positioning is how a product is defined in consumers' minds relative to competitors. Effective segmentation is measurable, accessible, substantial, differentiable, and actionable. Targeting evaluates segment size, growth, competition, accessibility, and alignment. Positioning strategies include differentiation by product, price, people, etc. Examples provided are of ITC Bingo snacks and Airtel mobile network positioning their offerings for specific consumer segments in India.