Projectiles follow a parabolic trajectory due to the constant gravitational force acting on them, which is a good approximation for everyday objects. However, when considering the actual variation in gravitational force with altitude, the trajectory can be more accurately described as a segment of an ellipse. The direction of gravitational force, rather than its magnitude, plays a crucial role in determining elliptical and circular orbits. For geosynchronous satellites, the gravitational force remains constant, yet they still achieve circular motion due to the variation in the direction of gravity. Overall, the discussion emphasizes the complexities of projectile motion and the underlying principles of gravitational dynamics.