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Many brick-and-mortar companies must pay attention to the new competition from the internet because now consumers can search the world.

What Does Brick & Mortar Mean?

A "brick-and-mortar" firm is a conventional street-side enterprise that interacts directly with its clients in a store or office that it owns or leases. Brick-and-mortar businesses include places like the neighborhood supermarket and bank. Given that most web-based companies, like Amazon.com Inc. (AMZN), typically have cheaper operating expenses and more flexibility, brick-and-mortar firms have had a difficult time competing with them.

For instance, some physical grocery stores, like Safeway, allow customers to shop for groceries online and have them delivered to their house in as little as a few hours. Offshoot terminology like "click and mortars" and "bricks and clicks" has been created as a result of the hybrid business models' rising popularity.

Learn more about brick-and-mortar with the help of the given link:

brainly.com/question/13771778

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