"lovely skin is establishing a pricing strategy for a new moisturizer. the total cost to produce each unit is $3.50. the company has decided to add a $1.50 markup, so the unit price to distributors will be $5. lovely skin is using a approach to price the new moisturizer."

cost plus approach

Explanation:  In simple words, it refers to a pricing strategy under which the producing firm adds up a predetermined specific margin to the total cost to compute the selling price.

This approach is considered to be less troubling as it is easy to ascertain the selling price and also it makes accounts recording  and book keeping more effective and simple.

Usually such method is used for Procrustes that are sold to the final customers in single piece and not in a batch for example - a soap, a chocolate etc. other commodities such as computer parts etc are generally not priced according to this strategy.  

answer; hazards;

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.