Orodruin said:
Perhaps I was mislead regarding the intended audience from the beginning. I am pretty sure most engineering students will not remember what a homomorphism is without looking it up. Certainly a person at B-level cannot be expected to know this?
In the end, I suspect we would give different answers to the question in the title based on our backgrounds and the expected audience. My students would (generally) not prefer me to give them the mathematical explanation, but instead the physical application and interpretation, more to the effect of how I think you would interpret "how can you use tensors in physics?" or "how do I interpret the meaning of a tensor?"
Yes, you are right. My goal was really to say "Hey look, a tensor is nothing to be afraid of." and that's why I wrote
Depending on whom you ask, how many room and time there is for an answer, where the emphases lie or what you want to use them for, the answers may vary significantly.
And to be honest, I'm bad at basis changes, i.e. frame changes and this whole rising and lowering indices is mathematically completely boring stuff. I first wanted to touch all these questions but I saw, that would need a lot of more space. So I decided to write a simple answer and leave the "several parts" article about tensors for the future. Do you want to know where I gave it up? I tried to get my head around the covariant and contravariant parts. Of course I know what this means in general, but what does it mean here? How is it related? Is there a natural way how the ##V's## come up contravariant and the ## V^{*'}s## covariant? Without coordinate transformations? In a categorial sense, it is again a different situation. And as I've found a source where it was just the other way around, I labeled it "deliberate". Which makes sense, as you can always switch between a vector space and its dual - mathematically. I guess it depends on whether one considers ##\operatorname{Hom}(V,V^*)## or ##\operatorname{Hom}(V^*,V)##. But if you know a good answer, I really like to hear it.
Well, your motivation can't have been to learn what a tensor is. That's for sure.

Maybe you have been curious about another point of view. As I started, I found there are so many of them, that it would be carrying me away more and more (and thus couldn't be used as a short answer anymore). It is as if you start an article "What is a matrix?" by the sentence:
"The Killing form is used to classify all simple Lie Groups, which are classical matrix groups. There is nothing special about it, all we need is the natural representation and traces ... etc." Could be done this way, why not.
This is the skeleton I originally planned:
\subsection*{Covariance and Contravariance}
\subsection*{To Rise and to Lower Indices}
\subsection*{Natural Isomorphisms and Representations}
\subsection*{Tensor Algebra}
\section*{Stress Energy Tensor}
\section*{Cauchy Stress Tensor}
\section*{Metric Tensor}
\section*{Curvature Tensor}
\section*{The Co-Universal Property}
\subsection*{Graßmann Algebras}
\subsection*{Clifford Algebras}
\subsection*{Lie Algebras}
\section*{Tensor Fields}