The document discusses geometric sequences, which are sequences defined by an exponential formula where the nth term is equal to the first term multiplied by the common ratio raised to the power of n minus 1. It provides examples of geometric sequences, such as the sequence of powers of 2, and discusses properties of geometric sequences including that the ratio between any two consecutive terms is equal to the common ratio. Formulas for determining the specific formula for a geometric sequence given the first term and ratio are presented.