Setting Up Price Families using PRFAM

Hello -
We are in process of setting up pricing families using SAP transaction PRFAM.  We are brand new to this so I wanted to get some feedback from everyone on what worked, what didn't work, biggest pain points.  
Also:
Is there a mass way to upload price families?  The initial set up seems to be very tedious.  
How does PRFAM handle discontinued items?
How does PRFAM handle items on promotion?
How does PRFAM handle items that are on markdown?
Any feedback would be great.  Thanks for everyone's help!
Best Regards,
Mark

Hi Mark,
Were you able to find a resolution to this issue? I have the same requirement.
Can someone please provide some input?
Thanks,
D

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