Final answer:
Technology has had a significant impact on quality control by improving feedback mechanisms, reducing the risk of imperfect information, and enhancing printing processes. It has increased societal well-being across different sectors such as agriculture and healthcare, and provided competitive advantages to businesses.
Step-by-step explanation:
Technology has revolutionized the field of quality control in various ways. With electronic peer reviews, the process of giving and receiving feedback has become more efficient, reducing the risk of imperfect information and its potential impacts on the price, quantity, and quality of products and services. Furthermore, in printing, the development of computerized typesetting and printing has streamlined production and increased accuracy, distancing the industry from older photographic methods. The innovation in technology, like those seen with the green revolution in agriculture or advances in medical technology, has not only enhanced production but also societal well-being. Lastly, technologies are being developed and reused across different products, which can provide significant competitive advantages to companies over time.
Through these examples, it is clear that technology has had profound effects in multiple sectors, from agriculture to healthcare, communications to manufacturing, impacting the built-in quality control systems of numerous industries. It has not only improved efficiency and accuracy but has also changed societal dynamics such as urbanization and employment.