A situation can occur where the net external force is not zero while maintaining constant speed, such as a car traveling in a circular path. This scenario illustrates the distinction between speed and velocity, as velocity includes direction while speed does not. The car experiences a centripetal force directed toward the center of the circle, which is necessary for maintaining its curved trajectory. The centripetal acceleration is calculated using the formula speed squared divided by the radius of curvature. Thus, even with constant speed, the presence of a net external force is essential for changing the direction of the object's motion.