GDP measures the monetary value of final goods and servicesâthat is, those that are bought by the final userâproduced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
Product audit â An examination of a particular product or service (hardware, processed material, software) to evaluate whether it conforms to requirements (that is, specifications, performance standards, and customer requirements). Process audit â A verification that processes are working within established limits.
The product is something tangible that you get after going through a process. After doing some systems analysis work, the analyst will write a report. Doing the analysis is a process and the report is a product of that phase.Each product can be used as part of carrying out the next process.The analyst's report could be used as part of the design process. The resulting design, which is a product, is then used in writing the programs, which is another process.Thus there is no product that is not formed through a process.he analyst's report could be used as part of the design process. The resulting design, which is a product, is then used in writing the programs, which is another process.Thus there is no product that is not formed through a process.