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which business application is a satellite-based navigation system providing extremely accurate position, time, and speed information?

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The business application that is a satellite-based navigation system providing extremely accurate position, time, and speed information is "Global positioning systems"

What is a navigation system?

A navigation system is a computer-aided navigation system. Navigation systems may be wholly on board the transport or vessel that the system is operating, or they may be situated elsewhere and control the car or vessel via radio or another signal transmission.

The Global Positioning System (GPS) is a United States-owned utility that offers positioning, navigation, and timing (PNT) services to users. The space element, the control element, and the user element comprise this system.

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