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Alcoholic beverages sold by the drink in establishments such as restaurants and bars are known as:

  1. Off-premise sales

  2. Wholesale distribution

  3. On-premise sales

  4. Retail transactions

The correct answer is: On-premise sales

Alcoholic beverages sold by the drink in establishments such as restaurants and bars are known as on-premise sales. This term refers to the sale and consumption of alcoholic beverages on the premises where they are sold, as opposed to off-premise sales where the beverages are sold for consumption elsewhere. Wholesale distribution involves the sale of large quantities of products to retailers, while retail transactions refer to individual sales directly to consumers.