If you think of finite dimensional vector spaces as functions on finite sets, then these all match up. i.e. if V (vector space) is the functions on S (set) and W (vector space) is the functions on T (set), then the functions on S⊔T are V⊕W because you just list the values of the functions on S and then on T. Further, you can see that functions on S×T are V⊗W since the natural basis for V⊗W consists of vectors e_s⊗e_t that pick out elements (s,t) ∈ S×T.