Final answer:
There is a strong relationship between competitive intensity and the power of the five forces, as these forces shape the competition within an industry.
Step-by-step explanation:
There is a strong relationship between competitive intensity and the power of the five forces in business. The intensity of competition in an industry is shaped significantly by the forces outlined in Michael Porter's Five Forces model, which includes the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products or services, and the rivalry among existing competitors. These forces can either increase or decrease competition. For example, high competitive rivalry or strong bargaining power of buyers tends to increase the competitive intensity within an industry.