What makes a sequence geometric: the common ratio
A sequence is geometric when each term after the first is found by multiplying the previous term by the same non-zero constant r, called the common ratio. You test for this by dividing any term by the one before it. If every such quotient is the same, the sequence is geometric. For 2, 4, 8, 16, ... each division gives 2, so r = 2.
Why it works
Arithmetic sequences ask 'what do I ADD each step?' Geometric sequences ask 'what do I MULTIPLY by each step?' Dividing consecutive terms cancels everything except that one repeated multiplier, which is exactly why the ratio exposes r. Because r is multiplied (not added), the gaps between terms grow or shrink over time instead of staying constant.