There's a number of answers here which are kinda correct, but have missed using the correct terminology and reasons, and the correct term is, co-incidentally, :-) Term...
Terms are separated by operators and joined by grouping symbols. In terms of the "absent" multiply, that means it's now 1 term instead of 2. i.e. ab=(axb), not axb. ab is 1 term, axb is 2 terms.
If a=2 and b=3, then...
axb=2x3
ab=6
1/axb=1/2x3=3/2
1/ab=1/6
So yes, it makes a world of difference.
Note that in the mnemonics, "Multiplication" refers LITERALLY to multiplication symbols, nothing else. axb is multiplication, ab is a term. In fact it's a product, which is the RESULT of a multiplication. In other words, it's already been done. e.g. ab=6. This is how an awful lot of people get order of operations questions wrong - they think that ab is "multiplication", and thus break up the term, giving the wrong answer. e.g. doing 1/ab as though it's 1/axb, when it's 1/(axb).
Also, in the specific example you've given, The Distributive Law also applies. i.e. a(b+c)=(ab+ac). In contrast, ax(b+c) is 2 terms, not one, so 1/a(b+c)=1/(ab+ac), whereas 1/ax(b+c)=(b+c)/a, which is quite clearly not the same answer.
P.S. this is WHY it's NOT called "implicit multiplication" - it's not multiplication! No Maths textbook says "implicit multiplication" - they all talk about Terms/products. "implicit multiplication" is a "rule" made up by people who don't remember the real rules - Terms and The Distributive Law.